Toronto developer Constellation Software Inc. announced today that it has submitted a letter to the board of directors of Computer Software Innovations, Inc. proposing to acquire all of that company’s outstanding common and preferred stock, and outstanding options to acquire such shares, in a recommended cash tender offer at a price per share of US$1.00.

The Proposed Offer is subject to satisfactory completion of due diligence, the redemption or termination of the rights plan, or “poison pill”, that Computer Software Innovations, Inc. has recently adopted, and negotiation and execution of a definitive written agreement. Constellation has substantial experience in managing acquisitions and is committed to working quickly to complete due diligence and execute a definitive agreement. Constellation expects to be able to complete such an agreement within two weeks from the beginning of the due diligence period. Constellation has requested that Computer Software Innovations, Inc. respond promptly, but not later than April 5, 2012 to the Proposed Offer.

The Proposed Offer does not create any binding obligation, and no such binding obligation will arise unless and until a mutually satisfactory definitive agreement has been executed and delivered by the parties.

Constellation believes this combination would result in substantial benefits to both shareholders and employees.